Shin Zu Shing Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 07:14 am IST
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Shin Zu Shing Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 3,355.36 million compared to TWD 2,748.68 million a year ago. Net income was TWD 747.43 million compared to TWD 228.47 million a year ago. Basic earnings per share from continuing operations was TWD 3.91 compared to TWD 1.19 a year ago. Diluted earnings per share from continuing operations was TWD 3.89 compared to TWD 1.19 a year ago.
For the nine months, sales was TWD 9,365.49 million compared to TWD 8,780.09 million a year ago. Net income was TWD 1,498.33 million compared to TWD 862.75 million a year ago. Basic earnings per share from continuing operations was TWD 7.8 compared to TWD 4.49 a year ago. Diluted earnings per share from continuing operations was TWD 7.73 compared to TWD 4.46 a year ago.
Shin Zu Shing Co., LTD. is a Taiwan-based company principally engaged in the research, development, design, manufacture and sales of hubs. The Company's main products include precision metal stampings, precision spring products, metal injection molding (MIM) products and others. The Company's products are mainly used in notebook computers, liquid crystal displays, mobile phones, as well as computers, communications and consumer electronics (3C) products. The Company distributes its products to the Asia Pacific market.